Nixon shock

proper noun

A series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.

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Meanings

proper nounthe Nixon shock
  1. historicaleconomicsA series of economic measures undertaken by United States President Richard Nixon in 1971, in response to increasing inflation, the most significant of which were wage and price freezes, surcharges on imports, and the unilateral cancellation of the direct international convertibility of the United States dollar to gold.

Origin

From Richard Nixon + shock.

Full word history & related roots →

Rhymes & wordplay

Rhymes with Nixon shock

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Cite this entry
APA

Nixon shock. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/Nixon%20shock

MLA

“Nixon shock.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/Nixon%20shock. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “Nixon shock,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/Nixon%20shock.

Source: Nixon shock on Wiktionary, CC BY-SA 4.0.